What are short run and long-run periods of economic

Reference no: EM13180687

1) Why does the economic transfer price to the consumer include implicit cost (normal profits, externalitiea, and other unrecorded cost) which you do not find in accounting cost?

2) What are short run and long-run periods of economic? Does the Law of Diminishing Returns impact on a long run period?

3) Why does the unit (or average total) cost of producing a product declines as the production capacity of a plant is expanded?

Reference no: EM13180687

Questions Cloud

Presuming the final concentration of chloride anion : Assuming the final concentration of chloride anion after the addition of hcl (precipitation step) was 0.1M what is the remaining concentration of Ag in the solution

Compare and contrast the theoretical implications : Critics of traditional welfare programs often argue that a downside of traditional welfare programs is that when the government gives lower income people money, it causes them to work less. Compare and contrast the theoretical implications on lab..

State how much benzoic acid present in the organic layer : If 10 grams of an organic layer is extracted with an additional amount of fresh water, how much benzoic acid would be present in the organic layer

The solvent molecules immediately cluster around the ions : When an ionic solid is added into a solvent, you can see that the ionic solid dissociates into its respective cations and anions. The solvent molecules immediately cluster around the ions.

What are short run and long-run periods of economic : Why does the economic transfer price to the consumer include implicit cost (normal profits, externalitiea, and other unrecorded cost) which you do not find in accounting cost? 2) What are short run and long-run periods of economic? Does the Law of ..

Compute the amount of these reactants required : Calculate the amount of these reactants required to produce 14 grams of 5-methyl-5-nonanol assuming an 80% yield.

State what is the q rxn in joules : When 5.0 g of CaCl2 was dissolved in 50ml of water in a coffee cup calorimeter, the temperature of the solution rose from 22.3 C to 30.5 C. What is the q solution in Joules and what is the q rxn in Joules?

State what is the q solution in joules : When 35 ml of 1.0 M HNO3 was mixed with 50 ml of 1.0 M NaOH in a coffee cup calorimeter, the temperature of the solution rose from 24.8 C to 31.7 C.

Explain marginal utility : 1) Suppose that ms. Spencer is presently spending all her budget purchasing 10 units of A and 8 units of B at prices of $2 and $4 respectively. The marginal utility of the last units of A and B are 16 and 24 respectively. These data suggest that..

User Account

All Pages